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Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi

Al-Tawarruq is one of the instruments and products that are becoming more well knowns and employed by Islamic banks in Malaysia today. It is regarded as a viable alternative to bai’ al-inah, which has several drawbacks and is debated. As a result, the goal of this study is to define the notion of BI...

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Main Author: Naksahbandi, Siti Masrurah
Format: Student Project
Language:English
Published: 2021
Subjects:
Bank loans. Bank credit. Commercial loans
Financial management. Business finance. Corporation finance
Finance, Islamic
Online Access:https://ir.uitm.edu.my/id/eprint/76983/1/76983.pdf
https://ir.uitm.edu.my/id/eprint/76983/
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id my.uitm.ir.76983
record_format eprints
spelling my.uitm.ir.769832023-05-22T03:18:05Z https://ir.uitm.edu.my/id/eprint/76983/ Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi Naksahbandi, Siti Masrurah Bank loans. Bank credit. Commercial loans Financial management. Business finance. Corporation finance Finance, Islamic Al-Tawarruq is one of the instruments and products that are becoming more well knowns and employed by Islamic banks in Malaysia today. It is regarded as a viable alternative to bai’ al-inah, which has several drawbacks and is debated. As a result, the goal of this study is to define the notion of BIMB's i-Tawarruq Personal Financing Agreement. This study also contributes to the investigation of the i-Tawarruq Personal Financing Agreement's implementation in Malaysian Islamic Banking Practices. Finally, this research contributes to a better understanding of how BIMB operates in terms of executing i-Tawarruq contracts in line with Islamic banking standards. Interviews with experienced bank employees were conducted as part of the qualitative research. According to the findings of this study, BIMB has implemented Personal Financing- i-Tawarruq in the best possible accordance with Islamic principles. However, there are dubious elements in its implementation at BIMB. The accumulation of elements that should not exist in Islamic banking products such as gharar and riba is known as al-tawatu’ which is a preliminary agreement. Hopefully the findings of this study can help improve the implementation of personal al-tawarruq financing agreements at BIMB as well as be able to attract the public to obtain services from this product. 2021 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/76983/1/76983.pdf Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi. (2021) [Student Project] <http://terminalib.uitm.edu.my/76983.pdf> (Submitted)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Bank loans. Bank credit. Commercial loans
Financial management. Business finance. Corporation finance
Finance, Islamic
spellingShingle Bank loans. Bank credit. Commercial loans
Financial management. Business finance. Corporation finance
Finance, Islamic
Naksahbandi, Siti Masrurah
Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi
description Al-Tawarruq is one of the instruments and products that are becoming more well knowns and employed by Islamic banks in Malaysia today. It is regarded as a viable alternative to bai’ al-inah, which has several drawbacks and is debated. As a result, the goal of this study is to define the notion of BIMB's i-Tawarruq Personal Financing Agreement. This study also contributes to the investigation of the i-Tawarruq Personal Financing Agreement's implementation in Malaysian Islamic Banking Practices. Finally, this research contributes to a better understanding of how BIMB operates in terms of executing i-Tawarruq contracts in line with Islamic banking standards. Interviews with experienced bank employees were conducted as part of the qualitative research. According to the findings of this study, BIMB has implemented Personal Financing- i-Tawarruq in the best possible accordance with Islamic principles. However, there are dubious elements in its implementation at BIMB. The accumulation of elements that should not exist in Islamic banking products such as gharar and riba is known as al-tawatu’ which is a preliminary agreement. Hopefully the findings of this study can help improve the implementation of personal al-tawarruq financing agreements at BIMB as well as be able to attract the public to obtain services from this product.
format Student Project
author Naksahbandi, Siti Masrurah
author_facet Naksahbandi, Siti Masrurah
author_sort Naksahbandi, Siti Masrurah
title Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi
title_short Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi
title_full Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi
title_fullStr Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi
title_full_unstemmed Implementation of i-Tawarruq (personal financing agreement) at Bank Islam Malaysia Berhad (BIMB) in Denai Alam Shah Alam, Selangor / Siti Masrurah Naksahbandi
title_sort implementation of i-tawarruq (personal financing agreement) at bank islam malaysia berhad (bimb) in denai alam shah alam, selangor / siti masrurah naksahbandi
publishDate 2021
url https://ir.uitm.edu.my/id/eprint/76983/1/76983.pdf
https://ir.uitm.edu.my/id/eprint/76983/
_version_ 1768011601698357248
score 13.211869

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